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HomeMy WebLinkAboutRES 13-003 Financial TransactionsCITY OF ST. ANTHONY VILLAGE STATE OF MINNESOTA RESOLUTION 13-003 A RESOLUTION DESIGNATING THE OFFICIAL DEPOSITORY FOR CITY FUNDS BE IT RESOLVED that the City Council of the City of St. Anthony hereby designates that US Bank, N.A. of St. Anthony as a depository for the funds of the City and that said bank shall also be the bank for this City with respect to any/all other banking services required or used by this City. BE IT FURTHER RESOLVED, that said bank deposit such securities in the amount and in the manner required by law. BE IT FURTHER RESOLVED, that the Finance Director be authorized to accept such securities as collateral as required by law, and that said collateral be held at the US Bank of St. Anthony for safekeeping. BE IT FURTHER RESOLVED, the City Clerk shall transmit to the US Bank, N.A. of St. Anthony a copy of this resolution. Adopted this 8th day of January, 2013. 4omeFaust, Mayor ATTEST: &LA 1 Barbara Suciu; ity Clerk Review for Administration: (C ark Casey, City Manager